KL
Kim L

1 reviews | Active since Mar 2014

31 Aug 2022, 19:47

Ridiculous increase , 27% annual increase

Have been insured with Kings price for the 4th year , every year they increase me while the car value decrease. Never had a claim , this year increase me 27% . Every year need to fight with them for a less increase, pathetic

0
Replies (5)
King Price Insurance
King Price Insurance's reply01 Sept 2022, 09:51
Official
Here's the thing, like all insurers, we too need to implement policy rerates to keep up the rising costs of parts, labour rates, repairs, inflation etc... Which even we can't ignore!

These costs aren't linked to the value of your car, which as you know, depreciates monthly. And unlike other insurers, King Price takes this into account and DECREASES your comprehensive car insurance premium every month.

But you know we do our best to save you as much money as possible.... So I have sent a copy of your message on to our Client Care division, who will be in touch shortly to discuss your policy.

Royal regards,

The king and his court
KL
Kim L's update01 Sept 2022, 11:05
Reviewer Update
But not one of the insurance company will in 27% for annual increase.
King Price Insurance
King Price Insurance's reply01 Sept 2022, 11:35
Official
Here's the thing, like all insurers, we too need to implement policy rerates to keep up the rising costs of parts, labour rates, repairs, inflation etc... Which even we can't ignore!

These costs aren't linked to the value of your car, which as you know, depreciates monthly. And unlike other insurers, King Price takes this into account and DECREASES your comprehensive car insurance premium every month.
KL
Kim L's update01 Sept 2022, 12:15
Reviewer Update
It ok, I have cancelled my policy. Too many options out there . They will only increase 4 - 7% per annual but will review with the client before finalizing
King Price Insurance
King Price Insurance's reply01 Sept 2022, 13:38
Official
Thank you for your feedback.